Norsk Hydro ASA (OTCMKTS:NHYDY) Upgraded by Goldman Sachs Group to “Buy”

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Goldman Sachs Group upgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a neutral rating to a buy rating in a research note issued to investors on Wednesday, The Fly reports.

Several other research firms have also commented on NHYDY. Zacks Investment Research lowered shares of Norsk Hydro ASA from a hold rating to a sell rating in a research report on Saturday, September 7th. Deutsche Bank lowered shares of Norsk Hydro ASA from a buy rating to a hold rating in a research report on Wednesday, July 10th. Citigroup lowered shares of Norsk Hydro ASA from a buy rating to a neutral rating in a research report on Monday, August 12th. JPMorgan Chase & Co. raised shares of Norsk Hydro ASA from a neutral rating to an overweight rating in a research report on Tuesday, May 21st. Finally, ValuEngine lowered shares of Norsk Hydro ASA from a sell rating to a strong sell rating in a research report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $5.00.

Shares of OTCMKTS:NHYDY opened at $3.77 on Wednesday. Norsk Hydro ASA has a fifty-two week low of $2.93 and a fifty-two week high of $6.21. The business has a 50-day simple moving average of $3.27 and a two-hundred day simple moving average of $3.77. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.07 and a current ratio of 1.77. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 2.89 and a beta of 0.90.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its earnings results on Tuesday, July 23rd. The industrial products company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.05). Norsk Hydro ASA had a return on equity of 2.14% and a net margin of 0.07%. The business had revenue of $4.55 billion during the quarter. As a group, research analysts predict that Norsk Hydro ASA will post 0.16 earnings per share for the current year.

About Norsk Hydro ASA

Norsk Hydro ASA operates as an integrated aluminum company worldwide. It operates in six segments: Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Extruded Solutions, and Energy. The Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, as well as the sale of alumina.

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Analyst Recommendations for Norsk Hydro ASA (OTCMKTS:NHYDY)

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